Tag Archives: Oil Market

The demand for oil is much higher than its current level of production.

There is great anxiety in the market today mainly related to supply concerns.

Druzhba usually supplies up to 1.5mn barrels a day of Russia’s benchmark Urals blend into central Europe.

The U.S.-China relationship has moved further off track over the past two weeks.

Commercial crude oil inventories in the U.S. increased by 4.7 million barrels. or 1%. to 476.8 million barrels for the week ending May 17.

Crude inventories rose 4.7 million barrels in the week ended May 17. compared with analysts'. expectations for a decrease of 599.000 barrels.

Oil prices have rose by more than 30 percent this year.

Partnership among the OPEC+ nations should include issues of joint investments and technological cooperation.

Average conformity has reached 120 percent since January 2019.

OECD oil inventories as of March stood 22.8 million barrels above the five-year average.